Common use of Stock Acceleration Clause in Contracts

Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and will no longer be subject to a right of repurchase by the Company and (b) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.

Appears in 16 contracts

Samples: Executive Retention Agreement, Executive Retention Agreement (Kadant Inc), Executive Retention Agreement (Kadant Inc)

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Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and will no longer be subject to a right of repurchase by the Company and Company, (b) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.

Appears in 4 contracts

Samples: Executive Retention Agreement (Polymedica Corp), Executive Retention Agreement (Polymedica Corp), Executive Retention Agreement (Polymedica Corp)

Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and shares of Common Stock of the Company received upon exercise of any options will no longer be subject to a right of repurchase by the Company and Company, (b) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.

Appears in 4 contracts

Samples: Arlington Tankers Ltd., Arlington Tankers Ltd., Arlington Tankers Ltd.

Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (ai) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and will no longer be subject to a right of repurchase by the Company and (bii) each outstanding share of restricted stock and each restricted stock unit award shall be deemed to be fully vested and will no longer be subject to a right of repurchase or forfeiture by the Company.

Appears in 2 contracts

Samples: Executive Transition Agreement (Kadant Inc), Executive Transition Agreement (Kadant Inc)

Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and the shares underlying the option will no longer be subject to a right of repurchase by the Company and (b) each outstanding restricted stock award or other unvested equity compensation rights shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.

Appears in 2 contracts

Samples: Executive Severance Agreement (Valeant Pharmaceuticals International), Executive Severance Agreement (Valeant Pharmaceuticals International)

Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, Date (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and will no longer be subject to a right of repurchase by the Company and Company, (b) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.

Appears in 2 contracts

Samples: Retention Agreement (Saucony Inc), Retention Agreement (Saucony Inc)

Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the termination of the Executive (except as otherwise provided in Section 4.2(c) below, other than for Cause) following the Change in Control Date, (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and will no longer be subject to a right of repurchase by the Company and (b) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.

Appears in 1 contract

Samples: Executive Retention Agreement (Viasys Healthcare Inc)

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Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become ( to the extent it is not already) immediately exercisable in full and will no longer be subject to a right of repurchase by the Company and (b) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Companyfull.

Appears in 1 contract

Samples: Retention Agreement (Arch Communications Group Inc /De/)

Stock Acceleration. (a) If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (ai) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and will no longer be subject to a right of repurchase by the Company and (bii) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.

Appears in 1 contract

Samples: Control Agreement (Art Technology Group Inc)

Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and the shares underlying the option will no longer be subject to a right of repurchase by the Company and (b) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.

Appears in 1 contract

Samples: Change in Control Retention Agreement (Thermo Electron Corp)

Stock Acceleration. If the Change in Control Date occurs during the Term, then, effective upon the Change in Control Date, (a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and shares of Common Stock of the Company received upon exercise of any options will no longer be subject to a right of repurchase by the Company Company, and (b) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.

Appears in 1 contract

Samples: Executive Retention Agreement (Bio Imaging Technologies Inc)

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